This spring, the Madeiran archipelago “adopted” Bitcoin (BTC). Madeira’s President, Miguel Albuquerque, was invited onto the stage at Bitcoin Miami 2022 by Jan3 CEO Samson Mow to announce the promise. The president announced, “I believe in the future, and I believe in Bitcoin.” Days prior, Albuquerque was breaking bread with Michael Saylor, executive chairman of MicroStrategy, at his luxury villa. Albuquerque…
The token underpinning the Axie Infinity gaming ecosystem, AXS, posted a new 52-week low of $8.58 earlier today, according to data from Coingecko. On a weekly note, AXS has lost nearly 22% of its value and is the biggest loser among the top 100 cryptocurrencies by market capitalization over the past seven days. Last week wiped almost $200 million from…
South Korea’s financial watchdog, The Financial Service Commission (FSC), would monitor crypto whales with assets of over 100 million won ($70,000) to prevent money laundering efforts using digital assets. The FSC noted that the greater the proportion of virtual assets and stablecoins, the higher the money laundering risk. Thus, special focus should be placed on monitoring crypto whales with significant…
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include stablecoins in Venezuela, and 31% of these in Argentina, as citizens seek to shield themselves from devaluation and inflation.…
Major global bank Santander continues exploring the benefits of blockchain technology, with a local branch implementing blockchain for vehicle trading and car registration. Santander Brasil has launched testing of a blockchain-based tokenization platform for transferring ownership of used cars in Brazil, Cointelegraph Brasil reported on Oct. 19. The platform is designed to automate the process of transferring property registration by…
Thirty-year-old billionaire and FTX chief Sam Bankman-Fried is again loosening his purse strings. This time it’s for victims of a multimillion-dollar phishing scam that hit FTX users through compromised 3Commas’ Application Programming Interfaces (APIs). On Sunday evening, Bankman-Fried tweeted that he’s prepared to remunerate up to $6 million for FTX users affected by an exploit in which attackers used 3Commas’…
press release PRESS RELEASE. It is with much pleasure that Finance Inc announces the launch of its SUPER SAPIENSS NFT website, run by the entertainment DAO project, which is active on FiNANCiE. About SUPER SAPIENSS This project is being spearheaded by the noted and prominent Japanese movie directors Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato; along with the producer Takeshi…
The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize crypto payments in the country, another draft law on mining, which permits cross-border transactions with digital assets, is expected in the legislature in the near future. Alternative Proposals…
Competition among Bitcoin miners has reached a new record high as the network’s mining difficulty jumped another 3.44% on Sunday to hit a new all-time high of 36.835 trillion hashes, data from BTC.com shows. While the latest increase is not as significant as the previous difficulty adjustment of almost 14% earlier this month, it still means there’s even more pressure…
Japan Credit Bureau (JCB), a Japanese analog to international payments systems like Visa or Mastercard, announced the start of its central bank digital currency (CBDC) infrastructure testing. The project will assumably prepare the payments platform for a national CBDC, which is currently being tested by the Bank of Japan (BoJ). The infrastructure project, announced by the company in local media,…
